Market Reaching an Imminent Inflection Point – Day 2 Monday night, we published this S&P 500 Index forecast for Tuesday: “For Tuesday, 07/17, the models point to a continuation of the bull consolidation, within the broad 2775-2810 band.” (click here to read this report/verify this claim) – and, the market today closed at 2809.55, just (more…)
Note: Our nightly “S&P 500 Outlook,Forecast, and Trading plan for Thu, 07/19” will be posted Wed, 07/18 night – please check back around 10:30pm/11pm EDT. THE GIST (“THE WHAT”) Better-than-expected earnings results drove the S&P 500 index to the levels last seen in January. Opening lower ahead of the Federal Reserve Chairman Jerome Powell’s second (more…)
Current Positions and Biases of our S&P 500 Index Trading Models: Based on the Trading plans published last night (click here to read the full Forecast), our models are currently long (bought) and have trailing stops placed. As of the writing of this (@2:45pm EDT), the index posted a session low of 2805.89 and a session high (more…)
Market Reaching an Imminent Inflection Point? Monday night, we published this S&P 500 Index forecast for Tuesday: “For Tuesday, 07/17, the models point to a continuation of the bull consolidation, within the broad 2775-2810 band.” (click here to read this report/verify this claim) – and, the market today closed at 2809.55, just about 0.5 below (more…)
